Comstock Resources, Inc. (NYSE:CRK) Director Sells $156,200.00 in Stock

Comstock Resources, Inc. (NYSE:CRK) Director Elizabeth B. Davis sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $15.62, for a total value of $156,200.00. Following the sale, the director now owns 143,781 shares in the company, valued at approximately $2,245,859.22. This represents a 6.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Comstock Resources Stock Up 0.7 %

CRK stock opened at $16.79 on Thursday. The business’s fifty day moving average price is $14.04 and its two-hundred day moving average price is $11.81. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of -93.27 and a beta of 0.57. Comstock Resources, Inc. has a fifty-two week low of $7.07 and a fifty-two week high of $17.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.60 and a quick ratio of 0.60.

Comstock Resources (NYSE:CRK) last issued its quarterly earnings data on Wednesday, October 30th. The oil and gas producer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.01). Comstock Resources had a negative return on equity of 3.88% and a negative net margin of 4.93%. The business had revenue of $304.50 million during the quarter, compared to analyst estimates of $308.75 million. During the same quarter last year, the firm earned $0.04 EPS. Comstock Resources’s revenue for the quarter was down 19.2% compared to the same quarter last year. On average, equities analysts anticipate that Comstock Resources, Inc. will post -0.44 earnings per share for the current year.

Institutional Investors Weigh In On Comstock Resources

Several institutional investors have recently made changes to their positions in CRK. Harbor Capital Advisors Inc. acquired a new position in Comstock Resources in the 3rd quarter valued at $25,000. Sunbelt Securities Inc. increased its position in shares of Comstock Resources by 140.0% in the third quarter. Sunbelt Securities Inc. now owns 2,400 shares of the oil and gas producer’s stock worth $27,000 after purchasing an additional 1,400 shares during the period. Blue Trust Inc. acquired a new position in Comstock Resources in the second quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position in Comstock Resources by 2,533.8% during the second quarter. EverSource Wealth Advisors LLC now owns 3,582 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 3,446 shares during the period. Finally, Choreo LLC acquired a new stake in Comstock Resources during the second quarter worth about $105,000. 36.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CRK has been the topic of several analyst reports. Siebert Williams Shank lowered shares of Comstock Resources from a “hold” rating to a “sell” rating and set a $9.00 price target on the stock. in a research report on Tuesday, October 15th. Truist Financial raised their target price on shares of Comstock Resources from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Citigroup boosted their price target on Comstock Resources from $12.50 to $15.50 and gave the stock a “neutral” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on Comstock Resources from $10.00 to $11.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Mizuho raised Comstock Resources from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $10.00 to $18.00 in a report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $11.78.

About Comstock Resources

Comstock Resources, Inc, an independent energy company, engages in the acquisition, exploration, development, and production of natural gas and oil properties in the United States. Its assets are located in the Haynesville and Bossier shales located in North Louisiana and East Texas. The company was incorporated in 1919 and is headquartered in Frisco, Texas.